Kellwood to sell New Campaign division to Polo Ralph Lauren
08 Nov '06
3 min read
As compared to its previous expectation for net sales from ongoing operations of approximately $1.970 billion and versus actual net sales from ongoing operations of $1.964 billion in fiscal 2005.
This compares to actual earnings per diluted share of $1.52 in fiscal 2005. The Company is forecasting operating earnings (gross profit less selling, general & administrative expense before amortization of intangible assets and expensing stock options) from ongoing operations at approximately $90.0 million.
This compares to the Company's previous expectation for operating earnings from continuing operations of approximately $95.0 million and versus actual operating earnings from continuing operations of $92.6 million last year.
The Company's fiscal 2006 forecast continues to include $4.3 million before tax, $2.8 million after tax, or $0.11 per diluted share of stock option expense related to the adoption of FAS 123R "Share-Based Payment."
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